In summer 2007, US and global financial markets found themselves facing a potential financial crisis, and the US Federal Reserve found itself in a difficult situation. It was becoming clear that banks and other financial institutions would ultimately lose tens or even hundreds of billions of...

The world is passing through the most difficult economic and financial crisis inthe history, which severely affects its stability in the long term, risking an uncontrolled slideinto chaos and uncertainty. The housing market crisis emerged in the United States in July2007, due to multiple...